Armenia posts GDP growth

RosBusinessConsulting, Russia
July 20 2005

RBC, 20.07.2005, Erevan 12:50:32.According to preliminary released
data fro the Armenian National Statistics Service, in the first
half of this year Armenia’s GDP rose 10.2 percent. Armenia’s GDP was
USD1.522bn and GDP deflator totaled 6 percent. Industrial production
was USD662.7m and accounted fro 43.5 percent of the GDP.

Industrial output advanced 5.3 percent, ARMINFO, the regional
information agency has reported. Agricultural output advanced 10.2
percent. Housing construction grew 43 percent. Armenia’s foreign
trade was USD1.271bn, up 26.9 percent from a year earlier.